Pro Total Operating Expenses vs Research Development Analysis

PDEX Stock

USD 41.30 1.26 3.15%

Pro Dex financial indicator trend analysis is much more than just breaking down Pro Dex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pro Dex is a good investment. Please check the relationship between Pro Dex Total Operating Expenses and its Research Development accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.

Total Operating Expenses vs Research Development

Total Operating Expenses vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pro Dex Total Operating Expenses account and Research Development. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Pro Dex's Total Operating Expenses and Research Development is 0.96. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Research Development in the same time period over historical financial statements of Pro Dex, assuming nothing else is changed. The correlation between historical values of Pro Dex's Total Operating Expenses and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Pro Dex are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Total Operating Expenses i.e., Pro Dex's Total Operating Expenses and Research Development go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Research Development

Most indicators from Pro Dex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pro Dex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.At this time, Pro Dex's Discontinued Operations is fairly stable compared to the past year. Tax Provision is likely to rise to about 3.7 M in 2026, whereas Selling General Administrative is likely to drop slightly above 4.1 M in 2026.

	2023	2024	2025	2026 (projected)
Gross Profit	14.6M	19.5M	22.4M	23.6M
Total Revenue	53.8M	66.6M	76.6M	80.4M

Gross Profit Total Revenue

Pro Dex fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Assets
Total Assets		0.98	0.97	0.99	0.99	0.39	0.94	0.97	-0.38	0.91	0.33	0.46	0.97	0.17	0.93	0.98	0.98	0.99	0.97	-0.44	0.43	0.96	0.95	-0.7	-0.22	-0.41
Short Long Term Debt Total	0.98		0.93	0.97	0.94	0.5	0.98	0.96	-0.45	0.95	0.3	0.33	0.96	0.06	0.98	0.94	1.0	0.94	0.95	-0.46	0.5	0.93	0.93	-0.79	-0.21	-0.44
Other Current Liab	0.97	0.93		0.96	0.97	0.37	0.89	0.92	-0.35	0.88	0.22	0.46	0.93	0.28	0.87	0.96	0.94	0.96	0.94	-0.42	0.37	0.93	0.93	-0.64	-0.12	-0.42
Total Current Liabilities	0.99	0.97	0.96		0.96	0.35	0.96	0.96	-0.49	0.89	0.3	0.39	0.99	0.13	0.91	0.98	0.98	0.98	0.98	-0.42	0.4	0.98	0.98	-0.68	-0.19	-0.45
Total Stockholder Equity	0.99	0.94	0.97	0.96		0.3	0.89	0.96	-0.32	0.86	0.33	0.55	0.95	0.22	0.87	0.98	0.94	0.99	0.96	-0.43	0.37	0.93	0.94	-0.62	-0.22	-0.37
Property Plant And Equipment Net	0.39	0.5	0.37	0.35	0.3		0.45	0.31	-0.08	0.7	0.05	-0.18	0.36	0.14	0.6	0.23	0.48	0.25	0.26	-0.19	0.69	0.32	0.27	-0.72	-0.11	-0.15
Net Debt	0.94	0.98	0.89	0.96	0.89	0.45		0.94	-0.63	0.92	0.33	0.17	0.96	-0.03	0.95	0.93	0.97	0.9	0.95	-0.4	0.44	0.92	0.94	-0.77	-0.23	-0.45
Retained Earnings	0.97	0.96	0.92	0.96	0.96	0.31	0.94		-0.42	0.87	0.34	0.47	0.94	-0.04	0.9	0.97	0.96	0.97	0.98	-0.49	0.3	0.93	0.98	-0.71	-0.24	-0.4
Cash	-0.38	-0.45	-0.35	-0.49	-0.32	-0.08	-0.63	-0.42		-0.42	-0.24	0.5	-0.52	0.34	-0.38	-0.45	-0.45	-0.35	-0.52	0.03	-0.02	-0.46	-0.52	0.33	0.17	0.28
Non Current Assets Total	0.91	0.95	0.88	0.89	0.86	0.7	0.92	0.87	-0.42		0.27	0.18	0.88	0.13	0.95	0.84	0.94	0.83	0.85	-0.39	0.57	0.83	0.83	-0.83	-0.22	-0.36
Non Currrent Assets Other	0.33	0.3	0.22	0.3	0.33	0.05	0.33	0.34	-0.24	0.27		0.13	0.33	0.07	0.32	0.34	0.31	0.33	0.27	0.17	0.14	0.36	0.3	-0.2	-0.99	-0.14
Cash And Short Term Investments	0.46	0.33	0.46	0.39	0.55	-0.18	0.17	0.47	0.5	0.18	0.13		0.34	0.3	0.29	0.47	0.35	0.56	0.4	-0.35	-0.01	0.42	0.41	-0.07	-0.06	-0.11
Net Receivables	0.97	0.96	0.93	0.99	0.95	0.36	0.96	0.94	-0.52	0.88	0.33	0.34		0.13	0.91	0.96	0.97	0.96	0.96	-0.39	0.46	0.97	0.95	-0.67	-0.22	-0.38
Common Stock Shares Outstanding	0.17	0.06	0.28	0.13	0.22	0.14	-0.03	-0.04	0.34	0.13	0.07	0.3	0.13		0.07	0.12	0.1	0.18	0.0	0.33	0.42	0.18	-0.03	0.04	-0.08	0.0
Non Current Liabilities Total	0.93	0.98	0.87	0.91	0.87	0.6	0.95	0.9	-0.38	0.95	0.32	0.29	0.91	0.07		0.87	0.98	0.88	0.87	-0.43	0.59	0.88	0.86	-0.83	-0.25	-0.43
Inventory	0.98	0.94	0.96	0.98	0.98	0.23	0.93	0.97	-0.45	0.84	0.34	0.47	0.96	0.12	0.87		0.95	0.99	0.99	-0.42	0.29	0.95	0.97	-0.61	-0.22	-0.47
Total Liab	0.98	1.0	0.94	0.98	0.94	0.48	0.97	0.96	-0.45	0.94	0.31	0.35	0.97	0.1	0.98	0.95		0.95	0.95	-0.43	0.5	0.96	0.94	-0.77	-0.22	-0.45
Total Current Assets	0.99	0.94	0.96	0.98	0.99	0.25	0.9	0.97	-0.35	0.83	0.33	0.56	0.96	0.18	0.88	0.99	0.95		0.97	-0.44	0.35	0.96	0.96	-0.61	-0.22	-0.41
Short Term Debt	0.97	0.95	0.94	0.98	0.96	0.26	0.95	0.98	-0.52	0.85	0.27	0.4	0.96	0.0	0.87	0.99	0.95	0.97		-0.48	0.29	0.94	0.99	-0.65	-0.15	-0.45
Intangible Assets	-0.44	-0.46	-0.42	-0.42	-0.43	-0.19	-0.4	-0.49	0.03	-0.39	0.17	-0.35	-0.39	0.33	-0.43	-0.42	-0.43	-0.44	-0.48		-0.02	-0.33	-0.48	0.4	-0.23	0.11
Other Current Assets	0.43	0.5	0.37	0.4	0.37	0.69	0.44	0.3	-0.02	0.57	0.14	-0.01	0.46	0.42	0.59	0.29	0.5	0.35	0.29	-0.02		0.41	0.25	-0.49	-0.17	-0.02
Accounts Payable	0.96	0.93	0.93	0.98	0.93	0.32	0.92	0.93	-0.46	0.83	0.36	0.42	0.97	0.18	0.88	0.95	0.96	0.96	0.94	-0.33	0.41		0.95	-0.64	-0.26	-0.43
Property Plant And Equipment Gross	0.95	0.93	0.93	0.98	0.94	0.27	0.94	0.98	-0.52	0.83	0.3	0.41	0.95	-0.03	0.86	0.97	0.94	0.96	0.99	-0.48	0.25	0.95		-0.66	-0.19	-0.45
Common Stock Total Equity	-0.7	-0.79	-0.64	-0.68	-0.62	-0.72	-0.77	-0.71	0.33	-0.83	-0.2	-0.07	-0.67	0.04	-0.83	-0.61	-0.77	-0.61	-0.65	0.4	-0.49	-0.64	-0.66		0.17	0.35
Common Stock	-0.22	-0.21	-0.12	-0.19	-0.22	-0.11	-0.23	-0.24	0.17	-0.22	-0.99	-0.06	-0.22	-0.08	-0.25	-0.22	-0.22	-0.22	-0.15	-0.23	-0.17	-0.26	-0.19	0.17		0.09
Other Assets	-0.41	-0.44	-0.42	-0.45	-0.37	-0.15	-0.45	-0.4	0.28	-0.36	-0.14	-0.11	-0.38	0.0	-0.43	-0.47	-0.45	-0.41	-0.45	0.11	-0.02	-0.43	-0.45	0.35	0.09

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Pro Dex Account Relationship Matchups

Pro Dex fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Common Stock Shares Outstanding	3.8M	3.6M	3.6M	3.4M	3.9M	3.2M
Property Plant And Equipment Gross	13.4M	13.2M	22.3M	23.1M	26.5M	27.8M
Other Assets	301K	530K	839K	42K	37.8K	35.9K
Property Plant Equipment	5.6M	3.8M	13.4M	13.2M	15.2M	15.9M
Long Term Debt	10.3M	8.9M	7.5M	9.2M	10.6M	11.2M
Other Liab	804K	397K	544K	8K	9.2K	8.7K
Net Tangible Assets	18.9M	19.9M	23.6M	31.5M	36.2M	38.0M
Long Term Investments	1.8M	7.5M	1.6M	148K	170.2K	161.7K

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Pro Total Operating Expenses vs Research Development Analysis

Total Operating Expenses vs Research Development

Total Operating Expenses vs Research Development Correlation Analysis

Correlation Coefficient

Total Operating Expenses

Research Development

Pro Dex fundamental ratios Correlations

Pro Dex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pro Dex fundamental ratios Accounts

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Additional Tools for Pro Stock Analysis

COMMON DESTINATIONS

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Total Liab	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Stockholder Equity

Common Stock	- 0.99	Non Currrent Assets Other
Common Stock Total Equity	- 0.83	Non Current Liabilities Total
Common Stock Total Equity	- 0.83	Non Current Assets Total
Common Stock Total Equity	- 0.79	Short Long Term Debt Total
Common Stock Total Equity	- 0.77	Total Liab
Common Stock Total Equity	- 0.77	Net Debt